Samsung Fire & Marine urged to lower premiums
The company’s high profits have angered consumers that feel they are paying too much for motor insurance
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Marine insurers remind industry of new sulphur emission rules
Shipping firms must upgrade their equipment to comply with stricter regulations, or risk losing their insurance cover
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10 largest insurance companies in the world revealed
(And 5 of the top 12 P&C list are in Asia)
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Foreign capital dominates Vietnam’s insurance industry
Foreign insurers have bought out many joint ventures in this lucrative, fast-growing market
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Samsung Fire & Marine Insurance takes on water
Floundering insurer’s premium income declined by more than half in the past two years
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Korean insurers turn to Vietnam for expansion
Flat growth in home market pushes insurers to invest in emerging insurance market in ASEAN
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Samsung Fire & Marine to buy 20% stake in Vietnamese insurer
The deal, estimated to be worth over US$20 million, will have a lock-up period of five years
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Niche insurance products are becoming popular in Korea
Insurers are coming up with policies to suit just about anyone’s needs, including golfers, pet owners, and hikers
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Demand for pet insurance on the rise in Korea
As the population ages and families become smaller, pets are being treated more and more as family members
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Samsung heir arrested on corruption charges
The prosecution has produced additional evidence in the corruption case, leading the court to order businessman’s arrest